The following information is available for Beauvalon Inc. for the preparation of its September 30, 2020, financial statements: Income before taxes $303,150 Income tax expense $63,700 Other comprehensive income (loss) $(12,500) Earnings per share $1.802 Dividends declared, common $53,000 Dividends declared, preferred $14,200 Retained earnings, October 1, 2019 $1,456,100 Accumulated other comprehensive income, October 1, 2019 $43,300 Share capital, common shares, October 1, 2019 $2,700,000 Share capital, preferred shares, October 1, 2019 $460,000 Beauvalon did not issue or buy back any shares during the year.